Oil supplies up, but gasoline supplies fall: API

SAN FRANCISCO (MarketWatch) -- Crude-oil supplies rose more than expected for the week ended Jan. 18, but gasoline supplies posted a surprise decline, according to data from the American Petroleum Institute issued late Wednesday. Crude supplies rose by 3.2 million barrels. Analysts polled by Platts were looking for a 2 million-barrel climb. Gasoline inventories fell 1.6 million barrels, while distillate stocks were up 1.3 million barrels, the report from the trade group said. Analysts forecast a rise of 1.6 million barrels in gasoline inventories and a climb of 750,000 barrels in distillate supplies. The API data come ahead of the more closely watched U.S. Energy Information Administration report due Thursday. The supply data were delayed this week due to Monday's holiday. Ahead of the API report, March crude
clh3
settled at $95.23 a barrel, down 1.5%.

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